Factor Endowment, Structural Coherence, and Economic Growth
Electronic Access:
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Summary:
This paper studies the linkage between structural coherence and economic growth. Structural coherence is defined as the degree that a country's industrial structure optimally reflects its factor endowment fundamentals. The paper found that at least for the overall capital, the shares of capital intensive industries were significantly bigger with higher initial capital endowment and faster capital accumulation. Moreover, there is a positive relationship between a country's aggregate output growth and the degree of structural coherence. Quantitatively, the structural coherence with respect to the overall capital explains about 30% of the growth differential among sample countries.
Series:
Working Paper No. 2012/165
Subject:
Capital productivity Employment Human capital Information technology in revenue administration Labor Production Revenue administration Total factor productivity
Frequency:
Annually
English
Publication Date:
June 1, 2012
ISBN/ISSN:
9781475505139/1018-5941
Stock No:
WPIEA2012165
Pages:
42
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